Tag: Mike Wagnes
Allegion leans on strength of nonresidential portfolio in 2025
February 25, 2026Cory Harris, Editor
DUBLIN—Allegion’s 2025 performance was buoyed by another year of high single-digit growth in its nonresidential portfolio, as U.S. residential markets softened more than expected.
CEO John Stone told investors on the company’s Q4 earnings call that the divergence between commercial and residential demand shaped both year-end results and early expectations for 2026.
“(Residential) ended the year softer than we had contemplated,...
Allegion: 'We're performing at a high level’
October 30, 2024Cory Harris, Editor
DUBLIN—Allegion President and CEO John Stone cited two key factors that contributed to a strong third quarter: stable markets and strong execution.
“Q3 marks another quarter of strong execution by the entire Allegion team, resulting in revenue growth and margin expansion, demonstrating the resilience of our business model,” he told investors during the company’s 2024 Q3 earnings call. “I'm especially pleased with the top-line growth in the quarter,...
Allegion Q4 report shows a return to trends
February 23, 2024SSN Staff
DUBLIN – Allegion, a global security products and solutions provider, have reported on the financial results for its fourth quarter (Q4) (ended Dec. 31, 2023).
The company reported fourth-quarter 2023 net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. Adjusted net earnings were $148.5 million, or $1.68 per share, down 0.6%, excluding charges related to restructuring, acquisition and integration costs and other non-cash impairment charges, as well as amortization...